Economics

Adversarial and inquisitorial procedures in arbitration

Article Abstract:

Adversarial process encourages parties to make their cases an impartial arbitrator, while the inquisitorial method necessitates the arbitrator to settle on the basis of personal investigations. Although it is believed that that the arbitrator is knowledgeable as the two opposing parties, the adversarial procedure is indicated to be strictly superior. This results from the capability within the adversarial procedure to designate the burden of proof efficiently and draw out the maximal informational content from clearly inconclusive contests.

Logical structure of common knowledge

Article Abstract:

Knowledge in a formal system is supported by the ability to exhibit proof. Thus, individuals know only truth and are able to support such claims. However, individuals with partitions may or may not know something. A discussion of common knowledge and its relationship to a propositional state space is presented.